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$ 716K is the average home price in Canada. Here’s what you can get for it

The pandemic hit many industries in Canada. Real estate is not one of them. Property prices are rising rapidly, according to the Canadian Real Estate Association’s MLS system. The average national price is currently $ 716,828. That is 31.6 percent more than in a year, the largest annual increase in its history. Prices have not curbed demand either; Sales in March increased by 70 percent compared to the previous year. According to Leo Otto, a real estate appraiser, price increases aren’t just limited to hot areas like Toronto. He says the pandemic has released shoppers from Toronto and its commuter suburbs and driven the real estate hype to smaller cities like London, Ontario and Windsor. “You get the lifestyle, you get bigger plots, you get more bang for your buck in the apartment,” he said. What do you get for nearly three quarters of a million dollars in Canada? On April 26th and 27th, CBC went through the listings and found properties across the country whose prices are in line with the national average. Some city centers had no homes for sale around $ 716,000. In this case, cheaper houses were selected. Vancouver For $ 716,000, buyers have a hard time finding anything other than a one-bedroom condo like this, which was listed for $ 719,000. Still, the hot market has led the provincial property watchdog and regulator to warn buyers to do their research and be aware of the risks before bidding. (Realtor.ca) (Colin Lo / Personal Real Estate Corp./Oakwyn Realty / Realtor.ca) (Realtor.ca) (Colin Lo / Personal Real Estate Corp./Oakwyn Realty / Realtor.ca) (Realtor.ca) ( Colin Lo / Personal Real Estate Corp./Oakwyn Realty / Realtor.ca) Calgary The reference price – the typical price of a home – in Calgary rose to $ 441,900 in March. This townhouse, which is on the market for $ 719,900, has four bedrooms and three bathrooms, far more than what you could buy in Vancouver for a similar price. (Realtor.ca) (Lawrence Tian / Skyrock / Realtor.ca) (Realtor.ca) (Lawrence Tian / Skyrock / Realtor.ca) () (Lawrence Tian / Skyrock / Realtor.ca) Regina With a price of 719,000 USD, This accommodation offers ample space for an exercise area, a selling point for many people in the pandemic. The Saskatchewan market has exploded as people look for bigger houses during the pandemic. “Last February was the busiest February in the history of any MLS in Saskatchewan,” said Tanya LaRose of Royal LePage Varsity. () (Christen Johnson / Realty Executives Diversified / Realtor.ca) () (Christen Johnson / Realty Executives Diversified / Realtor.ca) () (Christen Johnson / Realty Executives Diversified / Realtor.ca) Winnipeg Winnipeg’s average sales price was last month $ 318,074, according to the Manitoba Real Estate Association. For $ 699,900, a potential buyer could own a large five bedroom home. The association says fewer properties are coming onto the market, which is driving prices up. () (Cory Werenich / Purple Bricks / Realtor.ca) () (Cory Werenich / Purple Bricks / Realtor.ca) () (Cory Werenich / Purple Bricks / Realtor.ca) Toronto Other parts of the country could make $ 720,000 You a large amount. Not so in Toronto, where you’re more likely to find an apartment like this one that has a small outdoor balcony. Sales in the region hit a record 15,652 in January, up 97 percent from 7,945 in the same period last year. () (Jonathan Pierre David / PG Direct Realty / Realtor.ca) () (Jonathan Pierre David / PG Direct Realty / Realtor.ca) () (Jonathan Pierre David / PG Direct Realty / Realtor.ca) Windsor This property is located in the market for $ 699,000. Windsor prices have risen due to the influx of buyers from hotspots like Toronto. Leo Otto, the real estate appraiser, is forecasting a weakening of the market this winter, but no major correction. () (Sanja Bojovic / Manor Windsor Realty / Realtor.ca) () (Sanja Bojovic / Manor Windsor Realty / Realtor.ca) () (Sanja Bojovic / Manor Windsor Realty / Realtor.ca) Montreal This apartment is 967 square feet is considerably larger than those in Toronto and Vancouver. It also has a more spacious terrace with a view. Still, buyers in Montreal are likely to only find maisonettes and condos that sell at national average prices. This is listed for $ 715,000. () (Emmanuel Samedy / REMAX / Realtor.ca) () (Emmanuel Samedy / REMAX / Realtor.ca) () (Emmanuel Samedy / REMAX / Realtor.ca) Moncton newcomers driving the real estate boom in New Brunswick will find that their dollars go far. The buyer even gets a wine cellar for this property, which is listed at $ 699,000. The province’s real estate market is so hot that previously ignored vacant lots, half-built buildings, and vacant building lots are suddenly being cleaned up. () (Maxime LaRochelle / Exit Realty Associates / Realtor.ca) () (Maxime LaRochelle / Exit Realty Associates / Realtor.ca) () (Maxime LaRochelle / Exit Realty Associates / Realtor.ca) Halifax This three bedroom townhouse, on The $ 695,000 market is a short walk from downtown. The Nova Scotia Association of Realtors says 1,577 units were sold across the province last month, a new sales record for the month of March and an increase of more than 65 percent from March 2020. () (Jim MacDonald / Press Realty / Realtor .ca) (Realtor.ca) (Jim MacDonald / Press Realty / Realtor.ca) () (Jim MacDonald / Press Realty / Realtor.ca) Charlottetown According to the Prince Edward Island Real Estate Association, the average cost of a house is year-on-year up 21.9 percent, frustrating islanders wanting to buy their first home. This property has a river view and is listed at $ 695,000. () (Michael Poczynek / Century 21 Northumberland Realty / Realtor.ca) () (Michael Poczynek / Century 21 Northumberland Realty / Realtor.ca) (Realtor.ca) (Michael Poczynek / Century 21 Northumberland Realty / Realtor.ca) St. John’s house was built in 1895 and has recently been renovated with high quality details and mill work that can be seen in the living room and dining room. It’s on the market for $ 699,999. The provincial housing market remains hot despite the negative economic outlook. Brokers believe some of this is being propelled by Newfoundlands looking to return from other provinces. () (Amanda Ryan / eXp Realty / Realtor.ca) () (Amanda Ryan / eXp Realty / Realtor.ca) () (Amanda Ryan / eXp Realty / Realtor.ca)